The Bureau of Industry and Security last week completed rounds of interagency review for two rules that could revise its space-related controls.
A DOJ indictment unsealed this week charges three Russians with export control violations after the agency said they illegally bought more than $225,000 worth of U.S. microelectronics, hiding from American exporters that the items were destined for the Russian military.
Representatives from the U.S., Singapore, the Philippines and the United Arab Emirates convened this week with Maldivian officials in the Maldives to discuss export controls and other trade issues during the inaugural Maldives Strategic Trade Management Forum.
New export compliance guidance issued by the Bureau of Industry and Security outlines the agency’s due diligence expectations for financial institutions and warns that companies that “self-blind” to red flags could face penalties.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
The Bureau of Industry and Security this week published the second quarterly update of its new boycott requester list, a list of entities that have asked other companies to boycott goods from certain countries in violation of the Export Administration Regulations.
The Bureau of Industry and Security is seeking public comments on an information collection involving export licensees transferring an active export license to another party. In those scenarios, BIS said “there must be assurances that the other party, the transferee, will also be accountable for the proper use of the license.” The agency collects information from both parties to make sure shipments exported under the license won’t be diverted or “used for purposes contrary to the authorized use of the approved license.” Comments on the information collection are due Dec. 2.
Export Compliance Daily is providing readers with the top stories from last week in case you missed them. You can find any article by searching for the title or by clicking on the hyperlinked reference number.
LONDON -- Officials at a defense industry conference last week were complimentary of defense export control reforms recently announced by the U.S., Australia and the U.K., but they also said the three governments can do more to incentivize companies to make use of the reforms.
The Bureau of Industry and Security reached a $151,875 settlement with Quantum Corp., a California-based data storage and management company, after it allegedly committed 45 violations of the antiboycott provisions of the Export Administration Regulations.